American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Flight-booking site Kayak rolled out a new search feature Friday that allows users to exclude specific plane models from their options, following Sunday's deadly crash of a Boeing 737 Max 8 jet in Ethiopia.
Passengers don't need to worry about flying in 737 Max models now, because the Federal Aviation Administration on Wednesday joined regulators around the world in grounding the planes. The FAA cited new evidence that showed similarities between the Ethiopia crash and another deadly one involving a 737 Max 8 almost five months ago off Indonesia.
However, airlines expect the Max models to be grounded for only a few months and will likely be booking flights on these models for later on, said Steve Hafner, co-founder and CEO of Kayak, a unit of Booking Holdings, formerly Priceline. They're out of service on a temporary basis, he said on CNBC's "Squawk Alley." "In reality, airlines are still planning on flying those planes in the summer. People want security and comfort when they fly."
Booking rates on Kayak haven't been going down, Hafner said, adding that the site has seen more search activity as people try to make changes to their disrupted flights.
"In reality, the 737 Max isn't that widespread in the U.S.," Hafner said. Only 74 of the more than 370 Boeing 737 Max jets are flown by U.S. airlines. However, the series is one of the company's top sellers. Boeing is making 52 of these models per month in order to keep up with the 3,800 orders, he said.
Shares of Boeing plunged following Sunday's crash, losing $26.6 billion in market value on Monday and Tuesday. But the stock rose more than 2 percent Friday, following a report that the company plans to roll out a software fix sooner than expected.